EUR/USD, Fundamental Analysis

EUR/USD Continues its Neutral Activity Lacking the Strength to Breakout

EUR/USD: The pair continues its neutral activity as neither of the two currencies lacks the strength to make a breakout. Despite broad-based caution and safe-haven demand underpinning USD, Greenback is unlikely to drag price below 1.08 handle as Fed and US Government support measures cap USD’s further gains while financial crisis and comments from Italian PM over ongoing financial summit weigh down EURO preventing it from scaling 1.09 handle in immediate future.

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TAGS: EUR/USDFED Fundamental Analysis

Karthik Subramanian
April 22, 2020

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